My salary is $62,000. I have about $10,000 saved up in cash. My apartment lease ends in the spring, rent is $900/mo. I also have lingering debt acquired through my 20's before discovering mustachianism: $30,000 truck @4.25%, $15,000 misc. debt @9.5%, $35,000 student loans @4.5%.
I've come to a crossroads and I'm not sure which to do...
A) Use $10,000 to buy a house. In my city a decent house runs between $150,000-$175,000. Then rent a room out and pay my debt down.
B) Use $10,000 to pay debt now. Rent apartment for another year @ $900/mo, then reevaluate house buying in a year.
Which route makes more sense?